When a product is sold on credit, which account should be debited for the seller? A, AR B. Cash OC. Inventory ОО D. A/P

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answerhappygod
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When a product is sold on credit, which account should be debited for the seller? A, AR B. Cash OC. Inventory ОО D. A/P

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When a product is sold on credit, which account should be debited for the seller? A, AR B. Cash OC. Inventory ОО D. A/P

Accounts payable is typically classified as an expense, not a liability. 正确 错误

The payment of a liability will decrease the shareholder's equity 错误 正确
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